TORONTO,
July 28, 2014 /PRNewswire/ - Cerro
Grande Mining Corporation (the "Company" or "CEG") (TSX: CEG)
(OTCQX: CEGMF), the Company has been advised by the Toronto Stock
Exchange ("TSX") that the Continued Listing Committee of the
TSX has determined to delist the Company on August 25, 2014 primarily under Section 710 (a)
(i) Financial Condition.
In the meantime, as stated in the Company's News
Release dated June 12, 2014, the
Company's Pimenton mine has been in full operation and
production.
Cerro Grande Mining Corporation is a minerals
producing, exploration and development company with properties and
activities currently focused in Chile.
Cautionary Statement on Forward-looking
Information
Forward-Looking Information
This press release may contain forward-looking statements based
on assumptions, uncertainties and management's best estimates of
future events. All statements that address future activities,
events or developments that the Company believes, expects or
anticipates will or may occur are forward-looking information.
Forward-looking information is based upon assumptions by management
that are subject to known and unknown risks and uncertainties and
other factors that may cause actual results to differ materially
from those expressed or implied by the forward looking information.
Factors that may cause actual results to vary materially include,
but are not limited to eligibility to list the securities of the
Company on the TSX Venture Exchange and changes in general economic
conditions or conditions in the financial markets. Such
forward-looking information is based on a number of assumptions,
including but not limited to, there being no significant decline in
existing general business and economic conditions. Accordingly,
readers should not place undue reliance on forward-looking
information. The Company undertakes no obligations to update
publicly or otherwise revise any forward-looking information,
except as may be required by law. For a more detailed discussion of
such risks and other factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements, refer to the Company's filings with the
Canadian securities regulators available on www.sedar.com.
SOURCE Cerro Grande Mining Corporation